Easy Office
LCI Learning

Treatment of loss of car

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 May 2012 We sold a car at rs 100000, and its wdv is rs. 102134. what would be the treatment according to companies act 1956.
Profile Image

Sunil Kr. Sanganeria

Profile Image

Sunil Kr. Sanganeria (Expert)
15 May 2012 You should reduce the wdv amount from the Schedule of Fixed assets and show rs. 2134 as a loss on sale of Fixed assets in Profit and loss acoount.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 May 2012 THERE IS NO DEPRICIATION WILL BE CALCULATED?




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links